According to ChainCatcher, Ryan McMillin, chief investment officer of Merkle Tree Capital, said that memecoins will go deep into the bull market, and two presidential-themed memecoins will trade actively in the coming months, which may help Sol reach $400 before the US election in November. McMillin added that although memecoins may be seen as jokes and short-term speculative tools, they are paving the way for other more sustainable use cases, such as the tokenization of real-world assets. As the U.S. Treasury Department takes action to strengthen the economy, more liquidity will hit the market, thereby supporting the price of Solana, which means that investors will have more funds to trade high-risk assets such as cryptocurrencies.